EIN 61-1571538

The Michael Phelps Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
State
Year formed
2008
Most recent tax filings
2022-12-01
Description
The Michael Phelps Foundation promotes healthy, active lives for children by expanding opportunities for participation in the sport of swimming. Its vision is to provide everyone with access to water safety education, support for healthy living (emotional and physical), and tools to set goals and pursue dreams. The foundation develops program-driven solutions through its IM and Level Field Fund swimming programs.
Total revenues
$832,791
2022
Total expenses
$869,679
2022
Total assets
$1,690,535
2022
Num. employees
3
2022

Program areas at The Michael Phelps Foundation

Mpf's vision is for everyone to have access to water safety education, support for healthy living (emotional and physical), and tools to set goals and pursue dreams. We develop program-driven solutions through our im and level field fund swimming programs and have sustainable delivery through strategic partnerships such as The boys & girls clubs of america, level field fund and special olympics international.

Grants made by The Michael Phelps Foundation

GranteeGrant descriptionAmount
Boys and Girls Clubs of AmericaThe Foundation Delivers A Grant To the National Office for the Implementation of the Im Program in Boys & Girls Clubs Across the Country. the National Office Disburses the Grant To Each Club To Help Club Members Learn How To Swim, Set Goals and Live A Healthier Life.$200,000
Lazarus HouseDonation To Support Programming.$20,000
Tricity Family ServicesDonation To Support Programming.$20,000
...and 7 more grants made

Who funds The Michael Phelps Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Goldman Sachs Philanthropy Fund (GSPF)Community & Human Services$82,500
Toler Family Foundation03/31/22check 1038charitable Purposes Only$50,000
Meow Meow FoundationMeow Meow Foundation (MMF) Invested $30,000 in the Michael Phelps Foundation (MPF) To Co-Develop A Program That Impacts 1,200 Socioecomically Challenged Children in California. the Im Program Combines Drowning Prevention, Swim Lessons, Competitive Swimming, Emotionally and Physical Healthy Living and Goal Achievement. Training Is Administered Through Boys and Girls Clubs, Including Clubs in MMF'S Home Location of Pasadena, Ca.$40,000
...and 8 more grants received

Personnel at The Michael Phelps Foundation

NameTitleCompensation
Marissa FortierManaging Director and Assistant Secretary / Deputy Director and Assistant Secretary$74,230
Lenny KrayzelburgTreasurer$0
Deborah PhelpsSecretary$0
Michael PhelpsPresident$0

Financials for The Michael Phelps Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$912,878
Program services$0
Investment income and dividends$8,254
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-88,341
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$832,791

Form 990s for The Michael Phelps Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-11990View PDF
2021-122022-08-29990View PDF
2020-122021-08-17990View PDF
2019-122020-09-24990View PDF
2018-122019-10-29990View PDF
...and 8 more Form 990s

Organizations like The Michael Phelps Foundation

OrganizationLocationRevenue
Oakcliff SailingOyster Bay, NY$2,437,513
Clagett SailingPortsmouth, RI$280,572
St Louis Rowing ClubSt Louis, MO$547,251
Valpo Surf ProjectThomaston, ME$341,009
Three Rivers Rowing Association (TRRA)Pittsburgh, PA$904,597
Columbia Swim ClubColumbia, MO$790,539
Great Bay RowingDurham, NH$255,258
Hawaiian Kamali'iKahului, HI$277,157
Sioux Falls Swim TeamSioux Falls, SD$470,117
Occoquan SwimmingManassas, VA$2,972,030
Data update history
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 25, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from American Endowment Foundation
August 19, 2023
Received grants
Identified 4 new grant, including a grant for $400,000 from Community First Foundation
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Amateur sports clubsSports organizationsCharities
Issues
Human servicesSports
Characteristics
Provides grantsFundraising eventsNational levelReceives government fundingGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
7 Ocean St 2nd Floor
South Portland, ME 04106
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
michaelphelpsfoundation.org/ 
Phone
(207) 536-8375
IRS details
EIN
61-1571538
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N67: Swimming, Water Recreation
NAICS code, primary
713990: Amateur Sports, Youth Sports, and Recreational Services
Parent/child status
Independent
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